Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Sweden
Annual, Not Seasonally Adjusted
LRUN64TTSEA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.55
Year-over-Year Change
3.72%
Date Range
1/1/2001 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' trend measures the labor force participation rate in the United States. This key economic indicator reflects the percentage of the civilian population aged 16 and older who are employed or actively seeking work.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The labor force participation rate is a crucial metric for understanding the health and utilization of the U.S. workforce. Economists and policymakers closely monitor this trend to assess labor market dynamics and inform decisions around employment, economic growth, and social programs.
Methodology
The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
The labor force participation rate is a leading indicator used to evaluate the strength of the U.S. economy and the effectiveness of fiscal and monetary policies.
Key Facts
- The labor force participation rate reached a high of 67.3% in 2000.
- The rate declined during the Great Recession, reaching a low of 62.4% in 2015.
- The COVID-19 pandemic caused a significant drop in the participation rate to 60.2% in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' trend measures the percentage of the civilian population aged 16 and older who are employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a crucial indicator of the strength and utilization of the U.S. workforce, providing valuable insights for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey (CPS), a monthly household survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: The labor force participation rate is a leading indicator used to evaluate the strength of the U.S. economy and the effectiveness of fiscal and monetary policies, informing decisions around employment, economic growth, and social programs.
Q: Are there update delays or limitations?
A: The 'Annual, Not Seasonally Adjusted' labor force participation rate data is published annually with no significant update delays.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRUN64TTSEA156N), retrieved from FRED.